NOT LISTED FOR SALE

718 N University Rd Spokane Valley, WA 99206

Opportunity Neighborhood

Estimated Value: $518,000 - $618,123

6 Beds
4 Baths
5,195 Sq Ft
$110/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $370,000 $71 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,432/month

40 Days on Market

Highlights

  • Guest House
  • 3 Fireplaces
  • Great Room
  • 0.98 Acre Lot
  • Separate Formal Living Room
  • Community Pool

About This Home

As of December 2020

Home was said to originally be built by Bing Crosby for his mother and father. There is an additional 1 bedroom house on the property that could be a great Airbnb or a mother-in-law home. There is great hard wood flooring that has been covered by carpet so renovation will bring out the hidden charm from the time of the 1930's. House is in need of updating and repairs but the structure is sound. With .98 Acre in the Spokane Valley there is plenty of land to work with.

Last Agent to Sell the Property

Todd Beemster

Kelly Right Real Estate of Spokane License #B134512 Listed on: 08/05/2020

Last Buyer's Agent

Jim Bjorklund

Coldwell Banker Tomlinson License #45325

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,158

Year Built

  • Built in 1939

Lot Details

  • 0.98 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Partial Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Wood Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Features Masonry
  • Gas Fireplace
  • Great Room
  • Separate Formal Living Room
  • Formal Dining Room

Kitchen

  • Breakfast Bar
  • Stove

Bedrooms and Bathrooms

  • 4 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Recreation or Family Area in Basement

Additional Homes

  • Guest House

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 45163.0153

Community Details

Amenities

  • Building Patio

Recreation

  • Community Pool
  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,158

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Sub Type: Res/Site Blt
  • Access: Pub Rd
  • Class: Residential
  • Style Of Construction: 1-1/2 Story
  • Year Built: 1939
  • Lvt Date: 08/10/2020
  • Common Interest Community: No
  • Geo Address Line: 718 N University Rd
  • Geo Primary City: Spokane Valley
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 8/10/2020 2:19:44 PM
  • Geo Zoom Level: 15
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Stories: 3
  • Bathrooms: 4
  • Bedrooms: 6
  • Estimated First Floor Sq Ft: 1410
  • First Floor Bedrooms: 1
  • First Floor Bathrooms: 2
  • First Floor Family Room: 2
  • First Floor Fireplace: 1
  • Second Floor Estimated Sq Ft: 3661
  • Second Floor Bedrooms: 4
  • Second Floor Bathrooms: 2
  • Second Floor Fireplace: 2
  • Basement: Full, Part Fin, Fam/Rec Rm, Outside Entr
  • Basement Percent: 21
  • Basement: Yes
  • Basement Bedrooms: 1
  • Basement Bathrooms: 1
  • Basement Family Room: 1
  • Dining Room: Formal, Informal, Eat Bar
  • Family/Recreation Room: Bsmt, 1st Flr, Great room, Formal LR
  • Fireplace: Masonry, Gas, Insert
  • Number of Family Rooms: 3
  • Number of Fireplaces: 3
  • Stove: Gas

Exterior Features

  • Exterior: Brick, Wood
  • Out Buildings: Guest House
  • Roof: Wood Shk

Garage/Parking

  • Garage Parking: Attached
  • Garage Size: 2

Utilities

  • Heating/Cooling: Gas, Elec, Forced Air, Cent A/C, Wall A/C

Condo/Co-op/Association

  • Amenities: Pool-In Gr, Spa or Hot tub, Cable TV, Patio, Cable Internet

Schools

  • School District: Spokane Valley

Lot Info

  • Acres Mol: 0.98
  • Estimated Lot Sq Ft: 42689
  • Lot Information: Fncd Bk Yd, Part Spr Sys, Level, Bus Rt
  • Parcel Number: 45163.0153
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Oct 20, 2020
Sold by
Pearson Kenneth W and Beemster Todd D
Bought by
Norman Sarah Elle and Norman Ronald Loren
Seller's Agent
Todd Beemster
Kelly Right Real Estate of Spokane
Buyer's Agent
Jim Bjorklund
Coldwell Banker Tomlinson
List Price
$453,900
Sold Price
$370,000
Premium/Discount to List
-$83,900
-18.48%
Current Estimated Value
$548,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,230
Avg. Annual Appreciation
9.65%
Original Mortgage
$200,000
Outstanding Balance
$178,782
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$390,752

Purchase Details

Closed on
Jun 15, 2012
Sold by
Estate Of Kenneth Pearson
Bought by
Pearson Shirley and Estate Of Kenneth Pearson
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Norman Sarah Elle $370,000 First American Title
Pearson Shirley -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norman Sarah Elle $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $370,000 -18.5% $71 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $453,900 -- $87 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,158 $484,260 $96,760 $387,500
2024 $5,158 $485,840 $82,940 $402,900
2023 $4,511 $497,840 $82,940 $414,900
2022 $4,369 $473,630 $78,330 $395,300
2021 $6,896 $557,090 $55,290 $501,800
2020 $744 $499,190 $55,290 $443,900
2019 $1,377 $456,950 $45,150 $411,800
2018 $1,466 $417,250 $45,150 $372,100
2017 $1,421 $372,950 $45,150 $327,800
2016 $1,398 $343,310 $43,310 $300,000
2015 $2,274 $349,110 $43,310 $305,800
2014 -- $338,870 $41,470 $297,400
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Todd Beemster

    Kelly Right Real Estate of Spokane

    Section Image
  • Jim Bjorklund

    Buyer's Agent in 2020

    Jim Bjorklund

    Coldwell Banker Tomlinson

    (509) 939-4607

    5 in this area

    102 Total Sales

    Section Image
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Map

Source: Spokane Association of REALTORS®

MLS Number: 202020235

Spokane Association of REALTORS®

APN: 45163.0153

Washington Spokane County Spokane Valley 99206 Opportunity

718 N University Rd, Spokane Valley, WA

This home is located at 718 N University Rd, Spokane Valley, WA 99206 since 05 August 2020 and is currently estimated at $569,281, approximately $109 per square foot. This property was built in 1939. 718 N University Rd is a home located in Spokane County with nearby schools including Broadway Elementary School, North Pines Middle School, and University High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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